80 Base Line Road W London South, Ontario N6J 1V2

4 Bedroom 4 Bathroom 2,000 - 2,500 ft2
Central Air Conditioning Forced Air

$800,000

Opportunity knocks. Currently configured as four units converted from a single-family home and zoned R9-7, this property offers exceptional redevelopment and value-add potential. This prime multi-residential development site presents a rare and flexible acquisition opportunity for qualified buyers. The half-acre site is fully rezoned for an 8-storey, 77-unit apartment building, allowing the next owner to proceed directly to the draft Site Plan Approval (SPA) phase, while the existing tenancy provides interim income to help offset holding costs. Ideally located steps from Wortley Village in London, the property benefits from excellent access to transit, shops, restaurants, and green space, making it highly attractive to future renters. Existing zoning permits up to 12 storeys with potential for additional density through underground parking, and there is also the ability to develop 10-plex buildings depending on the buyer's strategy. This property must be sold together with the neighbouring bungalow at 82 Baseline Road, creating a larger development assembly and enhancing overall redevelopment potential, making this a rare near-turnkey opportunity in a high-demand location with multiple exit strategies. (id:62104)

Property Details

MLS® Number X12861692
Property Type Multi-family
Community Name South E
Amenities Near By Golf Nearby, Hospital
Features Flat Site
Parking Space Total 5

Building

Bathroom Total 4
Bedrooms Above Ground 4
Bedrooms Total 4
Age 51 To 99 Years
Amenities Fireplace(s)
Basement Development Unfinished
Basement Type Partial (unfinished)
Cooling Type Central Air Conditioning
Exterior Finish Brick
Foundation Type Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2,000 - 2,500 Ft2
Type Fourplex
Utility Water Municipal Water

Parking

Attached Garage
Garage

Land

Acreage No
Fence Type Fenced Yard
Land Amenities Golf Nearby, Hospital
Sewer Sanitary Sewer
Size Frontage 75 Ft
Size Irregular 75 Ft
Size Total Text 75 Ft|under 1/2 Acre
Zoning Description R9-7

Utilities

Cable Installed
Electricity Installed

https://www.realtor.ca/real-estate/29445775/80-base-line-road-w-london-south-south-e-south-e

Contact Us

Contact us for more information

Generating Captcha

Your Favourites

 

No Favourites Found